About

RickB- Human, Artist, Fool.

Ynys Mon, UK.

The blog is called ten percent because of what Kurt Vonnegut wrote when remembering Susan Sontag - She was asked what she had learned from the Holocaust, and she said that 10 percent of any population is cruel, no matter what, and that 10 percent is merciful, no matter what, and that the remaining 80 percent could be moved in either direction.-

And I'm writing it because I need the therapy and I lust for world domination.

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Yeah, But They Really Needed That Billion

10 April, 2010 — RickB

In 2009, the worst economic year for working people since the Great Depression, the top 25 hedge fund managers walked off with an average of $1 billion each. With the money those 25 people “earned,” we could have hired 658,000 entry level teachers. (They make about $38,000 a year, including benefits.) Those educators could have brought along over 13 million young people, assuming a class size of 20.

Well here we get to the nitty gritty, even Greenspan recanted his market fundamentalism for a moment, but none change their ways, so we see it never really was about the value of the theory, it gained prominence because if provided an even more effective way to accrue capital to the elite. But ‘it is that way so me and my ilk can be as rich as possible while people starve’ doesn’t scan so well so theories and universities and intellectuals must be employed to market it, launder it into something that can endlessly debated while the armed robbery continues.